Reuters
Gold marks yearly dip as central banks seek to wean economy off stimulus
Gold prices marked their biggest yearly decline since 2015, hemmed in by a resurgent dollar, as investors prepared to usher in a new year in which the money supply could be tightened even as the threat of the Omicron coronavirus variant lingers. Spot gold was last up 0.7% at $1,827.51 per ounce by 1:46 p.m. ET (1846 GMT), after hitting a peak since Nov. 22 at $1,827.26 on Friday, helped by a retreat in the dollar and global equities. Gold has eased about 4% in 2021 as a recovering global economy pushed more investors toward riskier assets and curbed interest for safe-haven assets such as bullion.